Principal Real Estate Income Fund Announces Monthly Dividend Update
Principal Real Estate Income Fund Announces Monthly Distributions
The Principal Real Estate Income Fund (the "Fund"), trading on the New York Stock Exchange under the symbol "PGZ," has made an exciting announcement regarding its monthly distributions. The Fund declared a distribution of $0.105 per common share, demonstrating a commitment to shareholder returns. Based on recent evaluations of the Fund's asset value, the annualized distribution rate stands at 11.03%, based on the current net asset value share price of $11.42.
Details of the Distribution
Shareholders can look forward to receiving these distributions according to the following schedule:
Distribution Dates
1. **Ex Date:** February 13, 2025 2. **Record Date:** February 13, 2025 3. **Payable Date:** February 28, 2025
Subsequently, share distributions continue with the following important dates:
Future Distribution Dates
1. **Ex Date:** March 17, 2025 2. **Record Date:** March 17, 2025 3. **Payable Date:** March 31, 2025
And for April:
1. **Ex Date:** April 15, 2025 2. **Record Date:** April 15, 2025 3. **Payable Date:** April 30, 2025
Investment Considerations and Risks
Investing in the Principal Real Estate Income Fund is not without its risks. Potential investors should consider the implications of investing in a closed-end fund. Generally, these investment vehicles do not continuously issue shares, meaning they trade on the secondary market. Consequently, their price can fluctuate based on market conditions, which may sometimes lead to trading at a discount. An investment may lead to little or no return, or you could lose your entire investment.
Market conditions can influence various factors impacting the Fund, including interest rate changes and fluctuations in net asset value. Moreover, investing in securities backed by commercial real estate involves its own set of risks, such as potential declines in real estate value or rental income.
Insights on Fund Management
The Fund is prudently managed by Principal Real Estate Investors LLC, which is responsible for managing and advising approximately $102 billion in commercial real estate assets as of the latest data. This group focuses on offering both public and private equity and debt investment options, providing a robust framework for investors looking to gain exposure to a diversified range of income-producing assets.
Furthermore, SS&C ALPS Advisors, a well-established investment management firm with over $26.24 billion in assets under management as of the end of September, plays a crucial role in supporting the Fund's overall growth and strategy execution.
About Principal Real Estate Income Fund
As a dedicated part of Principal Global Investors, Principal Real Estate's objective is positioned as long-term stability and growth. The Fund uniquely caters to investors interested in real estate while balancing potential risks associated with market fluctuations. Its commitment is to provide substantial returns through effective management and strategic investment practices.
Frequently Asked Questions
What is the distribution per share declared by the Fund?
The Fund has announced a monthly distribution of $0.105 per common share.
How often do distributions occur?
The Fund provides monthly distributions to its shareholders.
What is the annualized distribution rate based on current values?
The current annualized distribution rate is 11.03%, based on a net asset value share price of $11.42.
What risks are associated with investing in the Fund?
Investors face risks including market volatility, potential declines in real estate values, and the possibility of receiving no return or losing their investment entirely.
Who manages the Principal Real Estate Income Fund?
The Fund is managed by Principal Real Estate Investors LLC, a dedicated firm managing extensive commercial real estate assets.
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